GPIX vs JEPQ: Performance, Holdings, Fees & Risk
GPIX and JEPQ are ETFs, but they can differ materially in exposure, yield, fees and risk. GPIX is Goldman Sachs S&P 500 Premium Income ETF, while JEPQ is JPMorgan Nasdaq Equity Premium Income ETF. GPIX is broader by holdings count, with 496 positions versus 110 for JEPQ. JEPQ is more concentrated at the top, based on top-10 holdings weight. Current AlgovestIQ evidence has GPIX ahead on AIQ Score, 62 versus 54.
What is the main difference between GPIX and JEPQ?
GPIX holds 496 positions to JEPQ's 110, and 47% of their weight is in the same securities.
| Metric | GPIX | JEPQ |
|---|---|---|
| Fund | ||
| Expense ratio | 0.35% | 0.35% |
| Holdings | 496 | 110 |
| Top-10 concentration | 38.8% | 42.6% |
| Distribution yieldTrailing 12 months | 8.2% | 11.58% |
| Average volume | 1,096,726 | 6,194,078 |
| Performance | ||
| 1Y return | +8.5% | +4.1% |
| YTD return | +6% | +2.3% |
| Risk | ||
| Annualized volatility | 11.2% | 15.1% |
| Max drawdown (1Y) | -8.9% | -10.3% |
| Beta | 0.86 | 1.04 |
| Sharpe ratio | 0.39 | 0.04 |
| Sortino ratio | 0.60 | 0.05 |
| AlgovestIQ | ||
| AIQ Score | 62/100 | 54/100 |
| AIQ Edge Score | 8/10 | 5/10 |
| Momentum | 50/100 | 31/100 |
| Risk Resilience | 84/100 | 80/100 |
AlgovestIQ AIQ Comparison
Goldman Sachs S&P 500 Premium Income ETF vs JPMorgan Nasdaq Equity Premium Income ETF
GPIX leads
GPIX leads by 8 AIQ points, primarily on Momentum and Risk Resilience, and the lead has widened from 3 points over 30 sessions.
Competitive: 3 of 3 evidence groups support GPIX, its lead is widening, and its current signal state is conflicted.
Goldman Sachs S&P 500 Premium Income ETF
JPMorgan Nasdaq Equity Premium Income ETF
The Algovestiq AIQ Score currently favors GPIX over JEPQ, 62 versus 54 as of Oct 21, 2026. GPIX's advantage is driven primarily by stronger momentum and risk resilience, while JEPQ holds the stronger quality profile. GPIX also shows the stronger technical structure relative to its 50-day moving average. 3 of 3 covered evidence groups favor GPIX today, and the comparison is rated Competitive on stability: the leader is throwing conflicting signals. GPIX lead: Strengthening — the AIQ differential moved from 3 to 8 points over 30 sessions.
Compare Goldman Sachs S&P 500 Premium Income ETF and JPMorgan Nasdaq Equity Premium Income ETF across performance, expense ratio, dividend yield, drawdown, volatility and the Algovestiq AIQ Score.
GPIX vs JEPQ: which fits what
Each row is settled by a single measure. Where the gap is too small to matter it reads Similar, and no row decides the comparison as a whole.
| If you want | GPIX | JEPQ | Fits |
|---|---|---|---|
| Lower costExpense ratio | 0.35% | 0.35% | Similar |
| Broader diversificationNumber of holdings | 496 | 110 | GPIX |
| Lower concentrationWeight of the 10 largest holdings | 38.8% | 42.6% | GPIX |
| Higher incomeTrailing 12-month distribution yield | 8.2% | 11.58% | JEPQ |
| Smaller drawdownsMax drawdown, 1 year | -8.9% | -10.3% | Similar |
| Lower volatilityAnnualized volatility, 1 year | 11.2% | 15.1% | GPIX |
Similar means the gap is within 0.01 percentage points of expense ratio, 25% more holdings, 3 points of top-10 weight, 0.2 points of yield, 2 points of drawdown or 1 point of volatility. Past drawdowns and volatility describe the funds’ history, not their future.
Performance over time
Total return with distributions reinvested, from daily closes for both ETFs.
Total return comparison
Growth of $10,000, distributions reinvested
Split-adjusted closes; each distribution is reinvested at the close on its ex-dividend date. Taxes and trading costs are not modeled.
Compare GPIX and JEPQ against another ticker
Open a multi-ticker workspace without changing this focused pair page.
AIQ Factor Divergence
Where the two separate, on the four dimensions behind the AIQ Score. Bars read outward from a shared zero: further from the centre is a wider gap.
- Momentum50 vs 31GPIX +19
- Quality62 vs 69JEPQ +7
- Risk Resilience84 vs 80GPIX +4
3 of 3 evidence groups favor GPIX. GPIX’s edge is concentrated in momentum and risk resilience; JEPQ keeps a meaningful quality edge.
What changed since the last close
Latest scored session 2026-10-20, compared against the prior scored session 2026-10-19.
Largest factor move: Momentum +3, not enough on its own to move the overall score.
No signal started or stopped since the prior session; its 7 active signals are unchanged.
Largest factor move: Value -1
New signals
- RSI Oversold - Potential Bounce — bullish, momentum, short horizon
GPIX's lead widened by 1 AIQ point in the latest session.
Deeper signal detail for each name lives on its own signals page — GPIX and JEPQ both carry a full feed there.
The central trade-off
GPIX (Goldman Sachs S&P 500 Premium Income ETF): the stronger current systematic profile, led by momentum and risk resilience.
JEPQ (JPMorgan Nasdaq Equity Premium Income ETF): the counter-case, on quality.
Fund facts, side by side
Two funds tracking overlapping universes are separated by cost and risk far more than by holdings. Those lead here.
| Measure | GPIX | JEPQ | Why it matters |
|---|---|---|---|
| Expense ratio | 0.35% | 0.35% | Lower is better — it compounds against you every year you hold. |
| Holdings | 496 | 110 | More holdings means broader diversification, not better returns. |
| Average volume | 1,096,726 | 6,194,078 | Liquidity — matters most if you trade size. |
| Annualized volatility | 11.2% | 15.1% | Lower is a steadier ride for the same exposure. |
| Max drawdown (1Y) | -8.9% | -10.3% | The worst peak-to-trough loss over the past year. |
| Sharpe ratio | 0.39 | 0.04 | Return per unit of risk. Higher is better. |
| Beta | 0.86 | 1.04 | Sensitivity to the broad market. Neither direction is better — it depends on the role in your portfolio. |
Where the exposure actually sits
Sector exposure for each fund, ordered by the size of the difference.
How much of the same holdings they own
GPIX and JEPQ share 46.5% of their weighted exposure across 80 common holdings.
410 holdings are unique to GPIX, and 26 holdings are unique to JEPQ. Owning both is a partial overlap: a majority of the capital is distinct, but the largest positions are shared.
JEPQ is the more concentrated of the two: its ten largest positions are 42.65% of the fund, against 38.76% for GPIX (110 holdings vs 496). Concentration cuts both ways — it is what drives outperformance when the top names work, and what makes the drawdown deeper when they do not.
Largest shared positions
| Holding | GPIX | JEPQ | Shared |
|---|---|---|---|
| NVDANVIDIA CORPORATION | 8.1% | 7.22% | 7.22% |
| AAPLAPPLE INC. | 7.38% | 6.63% | 6.63% |
| MSFTMICROSOFT CORPORATION | 5.48% | 5.16% | 5.16% |
| AMZNAMAZON.COM INC COMMON | 3.82% | 3.94% | 3.82% |
| AVGOBROADCOM INC. | 2.51% | 2.05% | 2.05% |
| MUMICRON TECHNOLOGY INC | 1.69% | 4.67% | 1.69% |
| TSLATESLA INC COMMON STOCK | 1.56% | 2.08% | 1.56% |
| METAMETA PLATFORMS INC | 1.48% | 2.71% | 1.48% |
Shared weight is the lower of the two positions — the portion of capital both funds genuinely have in the same security.
What GPIX adds that JEPQ doesn’t
| Holding | GPIX | JEPQ |
|---|---|---|
| XLCSTATE STREET COMMUNICATION SERVICES SELECT SECTOR | 3.52% | Not held |
| GOOGLALPHABET INC. | 3.23% | Not held |
| JPMJPMORGAN CHASE & CO | 1.46% | Not held |
| BRK-BBERKSHIRE HATHAWAY INC. | 1.38% | Not held |
| LLYELI LILLY & CO | 1.36% | Not held |
| XOMEXXONMOBIL HOLDINGS CORPORATION | 1.08% | Not held |
What JEPQ adds that GPIX doesn’t
| Holding | JEPQ | GPIX |
|---|---|---|
| GOOGALPHABET INC-CL C - | 4.77% | 1.13% |
| MUMICRON TECHNOLOGY INC | 4.67% | 1.69% |
| AMDADVANCED MICRO DEVICES | 3.4% | 1.27% |
| LRCXLAM RESEARCH CORP COMMON | 1.98% | 0.6% |
| WMTWALMART INC COMMON STOCK | 1.67% | 0.47% |
| STXSEAGATE TECHNOLOGY | 1.66% | 0.28% |
Each list is a fund’s largest positions by weight that the other fund does not hold, or holds at less than half the weight.
AIQ Agreement Matrix
3 of 3 covered evidence groups favor GPIX. A wide gap backed by one group is a weaker case than a narrow gap backed by five.
| Evidence group | Favors | Reading |
|---|---|---|
| AIQ Score | GPIX | 62 vs 54 |
| Fundamentals | Not covered | Not covered |
| Valuation | Not covered | Not covered |
| Technicals | GPIX | Price vs 50-day 0.3% vs -0.4%; vs 200-day 3.3% vs 0.6% |
| Risk Resilience | GPIX | Risk Resilience 84 vs 80 |
| Analyst expectations | Not covered | Not covered |
✓ agrees with the overall verdict · ✕ points the other way. Groups marked “not covered” lack data on one or both of GPIX and JEPQ and are excluded from the count.
AIQ Decision Stability
The two are close enough that your objective, not the score, should decide.
- The AIQ gap is moderate at 8 points.
- 3 of 3 covered evidence groups point the same way. (supports the conclusion holding)
- The leader's advantage has been widening. (supports the conclusion holding)
- The leader is throwing conflicting signals. (argues the conclusion is provisional)
Stability combines the score gap, how broadly the evidence agrees, how steady the lead has been across daily snapshots, the current signal state on both names, and analyst dispersion on GPIX.
How the comparison changed
45 daily snapshots · Sep 6 – Oct 20GPIX lead: Strengthening — the AIQ differential moved from 3 to 8 points over 30 sessions.
- Today
- GPIX +8
- 62 vs 54
- 7 sessions ago
- GPIX +10
- 65 vs 55
- 30 sessions ago
- GPIX +3
- 68 vs 65
- 90 sessions ago
- Not covered
The lead changed hands 2 times in this window, most recently on Oct 2 when GPIX moved ahead of JEPQ.
AIQ Signal Divergence
Only the signals that bear on the head-to-head. A conflicted name is carrying bullish and bearish rules at the same time — the technical evidence is not pointing one way.
3 bullish / 1 bearish / 3 neutral, conflicted
Only GPIX
- EMA Ribbon Compression — neutral, trend, medium horizon
- EMA Ribbon Expansion Bullish — bullish, trend, medium horizon
- 52-Week High Proximity — bullish, risk, long horizon (1.1%)
2 bullish / 2 bearish / 2 neutral, conflicted
Only JEPQ
- Keltner Channel Breakdown — bearish, volatility, short horizon
- RSI Oversold - Potential Bounce — bullish, momentum, short horizon
Both carry 4 more signals that do not separate them: Bollinger Band Squeeze, Golden Cross Active, ATR Contraction - Coiling, MACD Bearish Crossover.
GPIX leads the comparison while carrying a conflicted signal state, which is one reason the stability rating is not higher.
Price vs model alignment
Whether the latest session's price move confirms what the model did over the same session, or contradicts it.
Neither the price nor the AIQ Score moved enough in the latest session to confirm or contradict the other (price +0.43%, AIQ 0 points).
Price is up while the AIQ Score moved down 1 points over the same session — price and model disagree (price +0.86%, AIQ -1 points).
What would flip this result
A state, not a forecast. These are the specific, observable changes that would reverse the verdict — not a price prediction.
- 1JEPQ closes the Momentum gap — currently 19 points behind, the largest single contributor to GPIX's edge.
- 2JEPQ's Keltner Channel Breakdown resolves — a bearish volatility rule currently active against it.
- 3GPIX's conflicting signal state resolves bearish — it currently carries 3 bullish and 1 bearish rules at once.
- 4A regime shift changes factor weighting — Quality and Value carry the heaviest weights in the composite, so a rotation toward either would move the result most.
The full evidence
Every number behind the verdict. The leader is called above each group so you are not left to solve it from the table.
Performance
GPIX leads 6 of 6 windows| Metric | GPIX | JEPQ |
|---|---|---|
| 1 week (5 sessions) | -0.8% | -2.4% |
| 1 month (20 sessions) | -0.8% | -2.8% |
| 3 months (63 sessions) | 1.2% | 0% |
| 6 months (126 sessions) | 5.2% | 1.4% |
| Year to date | 6% | 2.3% |
| 1 year (252 sessions) | 8.5% | 4.1% |
Technicals
GPIX has the stronger structure| Metric | GPIX | JEPQ |
|---|---|---|
| RSI (14) | 52 | 29.6 |
| ADX (14) | 12.5 | 21.8 |
| Price vs 50-day | 0.3% | -0.4% |
| Price vs 200-day | 3.3% | 0.6% |
| Volatility (1M, annualized) | 7.6% | 10.8% |
Risk
GPIX is the more resilient| Metric | GPIX | JEPQ |
|---|---|---|
| Beta | 0.86 | 1.04 |
| Sharpe ratio | 0.39 | 0.04 |
| Sortino ratio | 0.6 | 0.05 |
| Max drawdown | -8.9% | -10.3% |
| Current drawdown | -1.3% | -3.3% |
| Annualized volatility | 11.2% | 15.1% |
| Value at risk (95%) | -1.3% | -1.7% |
Straight answers
Short answers to the questions fund investors ask about this pair, from the figures above.
What is the difference between GPIX and JEPQ?
GPIX holds 496 positions to JEPQ's 110, and 47% of their weight is in the same securities.
How much do GPIX and JEPQ overlap?
GPIX and JEPQ share 46.5% of their weighted exposure across 80 common holdings. 410 holdings are unique to GPIX, and 26 holdings are unique to JEPQ. Owning both is a partial overlap: a majority of the capital is distinct, but the largest positions are shared.
Which ETF is more diversified, GPIX or JEPQ?
GPIX holds more positions: 496 versus 110 for JEPQ.
Which has the lower expense ratio?
Neither: both charge 0.35% a year.
Which ETF has the higher distribution yield?
JEPQ, with a trailing 12-month distribution yield of 11.58% against 8.2% for GPIX.
Which ETF has been more volatile?
JEPQ has been more volatile over the past year, at 15.1% annualized against 11.2% for GPIX.
Which ETF has had the smaller drawdown?
Their worst peak-to-trough falls over the past year are similar: -8.9% for GPIX and -10.3% for JEPQ.
Compare GPIX and JEPQ with others
Continue your research
This page answers which of the two. These answer the questions on either side of it.
How this comparison is scored
The Algovestiq AIQ Score composites four factors — Quality, Value, Momentum and Risk, each carrying a fixed weight. Sentiment is reported separately as SentimentPulse and is not folded into the composite. Scores refresh every trading day, and this page regenerates from the latest snapshot rather than being written once.
The verdict names a leader, states how broadly six independent evidence groups agree, and rates how durable that conclusion is given the score gap, its recent trajectory and the current signal state on both names.
How to use side-by-side comparison →This comparison is informational and educational, not investment advice. AIQ scores update daily; re-check after earnings, guidance or macro data that materially changes either name’s factor profile.